Canadian Homeowners: See How Much You Could Save by Consolidating Debt
Free AI-powered calculator shows your exact numbers — current payments vs. consolidated, monthly savings, and total interest saved. No credit check required.
Quick Savings Estimate
See how much you could save — no personal info needed.
How much you pay each month across all debts
BoC Overnight Rate
—
Best Consolidation Rate
4.5%
Next BoC Decision
Wednesday, March 4, 2026
Today
Free Tool
Debt Consolidation Calculator
Enter your debts, income, and home details. Get a personalized analysis in under 2 minutes.
Real Results
By The Numbers
Our Process
How We Get You the Best Rate
We Assess Your Full Picture
Not just debts — the whole story
- All debts mapped: credit cards, loans, lines of credit
- Home equity calculated against current market value
- Income & credit score analyzed for lender matching
We Shop the Lenders for You
Banks, credit unions, and private lenders
- Access to 40+ lenders across Canada
- Rates compared: banks, credit unions, private lenders
- Best rate matched to YOUR credit tier & situation
You See the Real Math
Transparent savings — no guessing
- Side-by-side: current payments vs. consolidated
- Total interest saved over the life of the loan
- Monthly cash freed up — what you could save or invest
We Plan for Your Future
Not just today — your next renewal too
- Strategy to improve credit score post-consolidation
- Plan to qualify for the best rates at renewal
- Goal: lower rate at every renewal until prime
Takes 2 minutes. No credit check required.
Free Account
Your Personal Debt Dashboard
Create a free account and get ongoing, personalized insights — not just a one-time calculation.
Rate Watch
Monitor the Bank of Canada rate and see exactly how changes affect your monthly payment in real time.
Lender Match
See which of 14+ Canadian lenders you qualify for based on your credit tier, with estimated payments.
Personalized Updates
Get province-specific articles, equity tracking, and progress charts tailored to your situation.
Latest Insights
From the Blog
Soft Credit Pulls vs Hard Credit Pulls: What Canadian Homeowners Need to Know
If you've ever hesitated to explore debt consolidation options because you were worried about damaging your credit score, you're not alone — but understanding the difference between a soft pull and a hard pull could change how you approach your next financial move.
Is Debt Consolidation Right for You? A Self-Assessment
Not everyone should consolidate their debt. Use this honest self-assessment to determine if consolidation makes sense for your specific financial situation.
Credit Card vs. Consolidated Interest: The Real Math
See the dramatic difference between paying 22% on credit cards vs. 5.5% on a consolidated loan. The numbers might surprise you.
Get Your Free Debt Analysis
A licensed mortgage professional will review your situation and provide personalized options.
FAQ
Common Questions
What is debt consolidation through home equity?
Debt consolidation uses the equity in your home to pay off high-interest debts (credit cards, loans, etc.) and replace them with a single, lower-rate mortgage payment. This can save you hundreds per month.
Do I need good credit to qualify?
No. We've helped families across all credit tiers — from 550+ to 780+. The median credit score among families we've helped is 649. Different lenders serve different credit tiers, and we match you to the right one.
How much can I actually save?
Based on helping over 276 Canadian families, the average monthly savings is $500–$1,000+. Your exact savings depend on your debt amount, current interest rates, credit score, and available equity.
Is this a free service?
Yes. Our calculator and analysis tools are 100% free, with no credit check required. If you proceed with a consolidation, the mortgage broker fee is typically built into the lender rate — no out-of-pocket cost to you.
Who is Blue Pearl Mortgage Group?
All mortgage services on DebtTools.ca are provided under the brokerage licence of Blue Pearl Mortgage Group Inc. (BCFSA #X300317). We operate under their licence to ensure full regulatory compliance.
Which provinces do you serve?
We primarily serve homeowners in British Columbia, Alberta, Ontario, Saskatchewan, and Manitoba — where the majority of the 276+ families we've helped are located.
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